Apr 23, 2009 -
Overpacked
With the deadline for Chrysler to get a deal done with Fiat just around the corner, things aren't exactly looking favorable for getting that deal done.
Fiat has enough wayward offspring to support without Chief Executive Sergio Marchionne trying to persuade investors Thursday that he can add Chrysler LLC to the brood by an April 30 deadline set by the U.S. government.
The Italian group is already bailing out its CNH Global NV farm equipment business, while the Iveco trucks and core Fiat Auto units are wading through a global slump in demand, although the latter's lineup of smaller and environmentally-friendly models has seen it fare better than most rivals.
Doesn't sound like Fiat has much room left in that suitcase for Chrysler.
Read more at CNNmoney.com
